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Adobe PDFUnited States Supreme Court Issues Decision on Contraception Insurance Coverage Mandate
Murphy Hesse Toomey Lehane LLP;
Legal Alert/Article
July 21, 2014, previously published on July 2014
In a 5-4 decision in Burwell v. Hobby Lobby, Inc., the United States Supreme Court held on June 30, 2014, that closely held, for-profit corporations can claim a religious exemption from the Affordable Care Act’s requirement to provide insurance coverage for contraception. Justice Alito,...

 

HTMLEstate Planning With Small Captive Insurance Companies
David Kamer; Kaufman & Canoles A Professional Corporation;
Legal Alert/Article
July 19, 2014
The use of captive insurance companies has ballooned in recent years. The reasons are many, including traditional insurance companies narrowing the areas of risk they are willing to cover, ever increasing premiums charged by traditional carriers, a desire of insureds to have more control over...

 

HTMLNational Association of Insurance Commissioners (NAIC) Launches State-Based Insurance Regulation Education Campaign
Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
Legal Alert/Article
July 19, 2014, previously published on July 16, 2014
The National Association of Insurance Commissioners ("NAIC") announced today, July 16, 2014, that it has launched "Protecting the Future," an educational initiative about the indispensable role that state-based insurance regulation plays in strengthening the U.S. economy.

 

HTMLFederal Agencies Finalize Technical Correction of Risk-Based Capital Rules
Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
Legal Alert/Article
July 19, 2014, previously published on July 17, 2014
The U.S. Federal Reserve Board, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency announced the finalization of a technical correction to the definition of "eligible guarantee" in the agencies' risk-based capital Rules released yesterday, July 16,...

 

HTMLISO 2013 Additional Insured Endorsements Revisions - What the Construction Industry Needs to Do
Nicholas H. Ceavers; Smith, Currie & Hancock LLP;
Legal Alert/Article
July 18, 2014, previously published on July 7, 2014
New risks associated with recent revisions to the standard ISO Additional Insured endorsements language have not been addressed by many in the construction industry. Although these revisions occurred in April of 2013, many participants in the construction industry have failed to take adequate...

 

HTMLAn Overview of the Difference Between Indemnity Obligations and Obligations to Provide Additional Insured Coverage
Smith Currie Hancock LLP;
Legal Alert/Article
July 18, 2014, previously published on July 7, 2014
One of the most important risk-shifting devices in a construction contract is the indemnification provision because it protects one party from financial loss and damages arising from future problems occurring during the project. Indemnification is a promise that one party will make good on any...

 

HTMLIllinois: Industrial Insureds May Be Required to Pay Taxes on Insurance Premiums
McDonald Hopkins LLC;
Legal Alert/Article
July 18, 2014, previously published on July 10, 2014
The Illinois General Assembly passed S.B. 3324 which imposes a 3.5 percent tax on paid premiums to unauthorized insurers by a certain class of businesses. The bill awaits Governor Patrick Quinn’s signature. If the bill is neither signed nor vetoed by August 14, it automatically becomes law.

 

HTMLPublic Policy Limitations on Indemnity for Sole or Partial Negligence
Stephen J. Kelleher; Smith, Currie & Hancock LLP;
Legal Alert/Article
July 18, 2014, previously published on July 7, 2014
Contractors often develop standard contracts for use on a variety of projects, tailored most often to the demands and particular needs of the owner and the project involved. Often these standard contracts include indemnification provisions that require the subcontractor to indemnify the general...

 

HTMLAnti-Indemnification Statutes and Their Impact upon Insuring Indemnification Obligations Versus Those of an Additional Insured
Jay R. Houghton; Smith, Currie & Hancock LLP;
Legal Alert/Article
July 18, 2014, previously published on July 7, 2014
Construction projects are inherently risky endeavors. A myriad of things that can go wrong range from damaging a tree on neighboring property, to the structural failure of a completed building, and the loss of limb or life. One of the most important reasons one enters into a contract while...

 

HTMLInsurer’s Motion to Dismiss Hospital’s Bad Faith Breach of Contract Claim Denied (New Jersey Federal Court)
Fineman Krekstein Harris P.C.;
Legal Alert/Article
July 17, 2014, previously published on July 8, 2014
In Conn. Gen. Life Ins. Co. v. Roseland Ambulatory Surgery Ctr., the plaintiff/counterclaim-defendant insurer brought claims against defendant/counterclaim-plaintiff hospital for failure to require patients to pay certain out-of-pocket expenses. The insurer originally brought a claim alleging that...

 


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